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MomentumOptions.com New Trades (BSX, TSEM) for 2/7/2017

I have 2 New Trades I want to get us into this morning. One stock has been an early favorite for the portfolio and this time we are using March options.

Boston Scientific (BSX, $25.17, up $0.03)

Buy to Open BSX March 25 calls (BSX170317C00025000, $0.70, up $0.13)

Action: I like these call options at current levels and you can use a Limit Order up to 85 cents to get the best fills. These are the regular BSX March 25 calls that expire on March 17th, 2017. I will provide the parameters of the trade in today’s midday update.

Tower Semiconductor (TSEM, $21.98, up $0.13)

Buy to Open TSEM March 23 calls (TSEM170317C00023000, $0.45, up $0.05)

Action: I like these call options at current levels and you can use a Limit Order up to 60 cents to get the best fills. These are the regular TSEM March 23 calls that expire on March 17th, 2017. I will provide the parameters of the trade in today’s midday update.

Shares traded to a fresh 52-week high of $22.06 on Monday. Fresh resistance is at $22.25-$22.50. Support is at $21.75-$21.50.

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GOVERNMENT REGULATIONS REQUIRE DISCLOSURE OF THE FACT THAT WHILE THESE METHODS MAY HAVE WORKED IN THE PAST, PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE. WHILE THERE IS A POTENTIAL FOR PROFITS THERE IS ALSO A RISK OF LOSS. A LOSS INCURRED IN CONNECTION WITH Momentum Options Trading, LLC CAN BE SIGNIFICANT. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CIRCUMSTANCE. THERE IS SUBSTANTIAL RISK IN TRADING. A LOSS INCURRED IN CONNECTION WITH FUTURES TRADING CAN BE SIGNIFICANT. WE MAKE NO CLAIM REGARDING PAST OR FUTURE PERFORMANCE. WE MERELY TRACK EVERY TRADE AND SHOW THE PERFORMANCE OF ALL TRADES THE SYSTEM OR NEWSLETTER PRODUCES. SIMULATED TRADING IS DIFFERENT THAN TRADING REAL MONEY. HYPOTHETICAL RESULTS ARE NOT REAL RESULTS. PLEASE CONTACT YOUR BROKER ABOUT THE RISK OR TRADING STOCKS, OPTIONS OR FUTURES. ALL COMMUNICATIONS ARE OPINIONS NOT ADVICE.

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